Extraordinary Labor Market Developments and the 2022-23 Disinflation

19 Jun 2024 Leave a comment

by Jim Rose in applied price theory, labour economics, labour supply, market efficiency, occupational choice, personnel economics Tags:

From a new NBER working paper by Steven J. Davis: Two extraordinary U.S. labor market developments facilitated the sharp disinflation in 2022-23 without raising the unemployment rate. First, pandemic-driven infection worries and social distancing intentions caused a sizable drag on labor force participation that began to reverse in the first quarter of 2022, and perhaps […]

Extraordinary Labor Market Developments and the 2022-23 Disinflation

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